Bravada Drills Additional Higher Grade Results at Wind Mountain Au/Ag Project, Nevada


  • Assays for six additional holes from the Resource Upgrade program are reported, increasing to nine holes that intersected thicker zones of near-surface, oxidized, higher-than-average gold and silver grades.
  • Hole WM21-111 (released here) returned 21.3m of 1.235g/t Au & 20.4g/t Ag within an oxidized interval of 77.7m of 0.518g/t Au & 12.1g/t Ag, located ~250m to the southwest of holeWM21-109.
  • Hole WM21-109 (previously released, see NR-07-21, July 12, 2021) returned 10.7m of 1.342g/t Au & 45.3g/t Ag within an oxidized interval of 47.2m of 0.771g/t Au & 24.2g/t Ag.
  • Wind Mountain disseminated mineralization occurs along a +4km-long zone of multiple, gently south-dipping mineralized horizons that are partially offset by post-mineral faults. Drilling confirms that higher grades occur within these horizons along several northeast-, north-, and northwest-trending fracture zones, and that within these fracture zones are narrow intercepts with much higher grades of gold and silver.
  • Feeder target drill holes extended the banded quartz vein zone to +330m beneath overburden and mine waste, and multi-element geochemistry is consistent with vein mineralogy and textures indicating the holes intersected the top of a well-zoned vein system with potentially high-grade gold below current drilling.

Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (the "Company" or "Bravada") reports assays for the final 10 In-fill, Expansion, and Exploration reverse-circulation holes drilled at the Company's wholly owned Wind Mountain AuAg Project in northwestern Nevada. The recently completed program totaled 17 holes (2,186.8 metres) and consisted of 13 holes (1,324.3 metres) into under-drilled portions of and potential extensions of the existing oxide resource near the Breeze open pit and four holes (862.5 metres) at the Feeder target to offset a vein zone encountered in hole WM20-102, which intersected 1.5 metres of 0.404gt Au and 269.0gt Ag within a thicker interval of quartz veining with anomalous gold and silver mineralization.

Resource Upgrade Program

Assays from the final six holes of the Resource Upgrade program continue to provide additional encouraging results (see attached summary of drill intercepts). Nine holes of the 13-hole program returned near-surface, thick zones of oxidized gold and silver with higher grades than estimated for those areas in the 2012 Resource Estimate/PEA, confirming our 3D geologic model.

This program focused on a shallow portion of the 2012 Resource with strongly oxidized mineralization that is exposed in surface outcrops and in the small Breeze open pit (Amax 1990's). Disseminated gold and silver mineralization occurs in multiple, gently south-dipping mineralized horizons, which were permeable horizons and possibly boiling horizons. Higher grades occur within the disseminated horizons along several northeast, north, and northwest fracture zones. Within these fracture zones are narrow intercepts of much higher grades of gold and silver mineralization, often with 1.5m and longer drilled intervals returning 1 to +10 grams gold per tonne (g/t) and 50 to +300g/t silver.

President, Joe Kizis, commented, "We are pleased that this phase of the Resource Upgrade program successfully demonstrates that higher grades exist where our 3D model predicts. The holes provide higher confidence to model these zones for our planned Q1 2021 update to the 2012 Resource and PEA in an area that was largely categorized as Indicated Resource, a category that is acceptable for Pre-feasibility Studies, and which may be developed into a near-term Phase I open-pit/heap-leach mining operation."

Wind Mountain - 2021 Drilling Program - Significant Assay Intervals
Resource In-fill/Expansion
 From (metres)ToLengthAu PPMAg PPMAu-eq PPMComments
WM21-1110.013.713.70.3626.90.461Mine dump
WM21-1120. dump
WM21-1130. dump
WM21-1140. dump
   S Feeder Target    
WM21-116149.3158.59.10.1833.60.234Unoxidized (note 6)
and134.1138.74.60.30613.30.496Unoxidized (note 7)
1) Drill intervals of 20 feet or greater averaging greater than or equal to 0.300ppm Au or  0.150 ppm Au-eq as potentially above cut-off 
   grade in open pit/heap leach in Nv.     
2) R.C. drilling with entire sample crushed & puverized to create a 500-gram pulp with 30-gm FA/AAS for Au & 0.5gm ICP for Ag.
3) True thickesses not known, but expected to be ~70% or greater.   
4) Caution: Ag recovery is highly variable in oxidized mineralization, thus 70:1 (Ag:Au) metal-price ratio for Au-eq probably significantly
   over estimates Au-eq for evaluating economics but useful for zoning. Tests needed to evaluate recovery variation by crush size, grade, etc.
5) Rounding errors converting from footages explain conflicts in intervals for metric intervals. 
6) WM21-116 Interval 0-61m not assayed (near repeat of WM21-102).   
7) WM21-117  reported as 15 feet because  5-foot sample above was lost as the drill entered the vein zone. 

Cannot view this image? Visit:

To view an enhanced version of this graphic, please visit:

Feeder Target Exploration

Four holes were drilled to offset a vein zone encountered in hole WM20-102, which intersected 1.5 metres of 0.404g/t Au and 269.0g/t Ag within a thicker interval of quartz veining with anomalous gold and silver mineralization. Hole WM21-116 was designed to test beneath the intercept in hole -102; however, the hole flattened significantly, testing much shallower and only intersecting moderately anomalous silver and gold. Hole WM21-117 also shallowed significantly and intersected only somewhat deeper than hole -102 with several 1.5m intervals of anomalous silver up to 54g/t Ag. Hole WM21-118 did not cross the fault but intersected narrow banded quartz vein zones with 1.5m intervals up to 78g/t Ag. Hole WM21-119 tested a projection of the fault/vein zone but unfortunately lost several samples crossing the zone; however, hole -119 did encountered anomalous values of gold and silver in banded low-temperature quartz veins at shallower levels than hole -102.

President, Joe Kizis, commented, "All four of the 2021 holes in the Feeder Target intersected banded quartz veins with anomalous selenium and precious metals beneath an intense halo of mercury and chalcedonic silica flooding. Zoning in geochemistry, alteration, and silica textures indicate upwelling hydrothermal fluids, but at a level above expected major gold deposition. Deeper testing of the banded quartz veins is justified, and new sites will need to be permitted. The upwelling zone constrained between impermeable Mesozoic metasediments and Tertiary volcanic rocks is a very attractive target for vein development."

Cannot view this image? Visit:

To view an enhanced version of this graphic, please visit:


Cannot view this image? Visit:

To view an enhanced version of this graphic, please visit:

About Wind Mountain

The Wind Mountain Property is in northwestern Nevada approximately 160km northeast of Reno in a sparsely populated region with excellent logistics, including county-maintained road access and a power line to the property. It is an historic past-producing, bulk-tonnage gold-silver mine. An independent resource estimate and Preliminary Economic Evaluation for Wind Mountain commissioned by Bravada in 2012 reported:

  • 570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category, and
  • 354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category.

See the table below and news release NR-06-12 (April 11, 2012) for details of the resource update. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as mineral reserves. There is no assurance that any part of the resources will ultimately be converted to mineral reserves.

 Tonsoz Au/Toz Ag/TTonnesgms Au/Tgms Ag/Toz Auoz Ag
Indicated resource        
Oxide at 0.005 oz Au/ton cut off        
Mixed/Sulfide at 0.01 oz Au/ton cut off        
Total    59,314,000     53,823,956        570,500  14,736,000
Inferred resource        
Oxide at 0.005 oz Au/ton cut off        
Mixed/Sulfide at 0.01 oz Au/ton cut off        
Total    34,461,000     31,271,325        354,300  10,115,000


Mine Development Associates compiled the Technical Report and PEA. Thomas Dyer, P.E. is a Senior Engineer for MDA and is responsible for sections of the Technical Report involving mine designs and the economic evaluation, and Steven Ristorcelli, C.P.G., is a Principal Geologist for MDA and is responsible for the sections involving the Mineral Resource estimate. These are the Qualified Persons of the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic Analyses of Mineral Projects. Details of the PEA produced by Mine Development Associates (MDA) of Reno can be found on SEDAR, as previously reported (see NR-07-12 dated May 1, 2012). Note that although the PEA was encouraging, it is preliminary in nature, it includes Inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.

About Bravada

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties.

Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately 6,500 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed. Several videos are available on the Company's website that describe Bravada's major properties, answering commonly asked investor questions. Simply click on this link

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.


On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at or contact the Company at 604.684.9384 or 775.746.3780.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Gold bull jumping.

How High Can the Gold Price Go? Mining Billionaires Share Big Predictions

The gold price has hit record levels in 2024, leaving investors wondering just how high it can go.

During a recent webinar presented by the Mining Network, host Simon Catt, asset management director at Arlington Group, was joined by a group of industry veterans who gave their thoughts on where gold and silver may be going.

The group was comprised of Eric Sprott, founder of Sprott Securities and Sprott Asset Management; Franco-Nevada (TSX:FNV,NYSE:FNV) founder and Chair Emeritus Pierre Lassonde; Ned Naylor-Leyland, gold and silver fund manager at Jupiter Asset Management; Luke Gromen, founder of macroeconomic research firm Forest for the Trees; and Michael Oliver, founder and CEO of technical research firm Momentum Structural Analysis.

Keep reading...Show less

Trojan Gold Inc. Announces Non-Brokered Private Placement

Trojan Gold Inc. (CSE: TGII) (the "Company" or "Trojan") is pleased to announce a private placement financing consisting of the sale of up to 10,000,000 units (the "Units") and 5,000,000 flow-through units (the "FT Units") in the capital of the Company at a price of CDN$0.05 per Unit and CDN$0.10 per FT Unit for aggregate gross proceeds of a minimum of CDN$350,000 and a maximum of CDN$1,000,000 (the "Offering").

Each Unit will consist of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Unit Warrant"). Each Unit Warrant will entitle the holder thereof to purchase one Common Share in the capital of the Company for a price of CDN$0.08 for a period of 24 months from the date of the closing, subject to acceleration of the expiry date upon the occurrence of certain events.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less


Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCQX: MAUTF) announces that it will hold its Annual General and Special Meeting (the "Meeting") on Friday, June 7, 2024 . The Notice of Meeting and Management Information Circular relating to the meeting has been mailed to shareholders and has been filed under the Company's profile at .

Montage Gold logo (CNW Group/Montage Gold Corp.)

The proposed slate of director nominees will consist of six individuals: Ron Hochstein , Richard P. Clark , Anu Dhir, David Field , Alessandro Bitelli and Martino De Ciccio . If elected, Ron Hochstein will be proposed as the Chair of the Board replacing Peter Mitchell who is not standing for re-election. In addition, Sasha Bukacheva and Hugh Stuart will not be standing for re-election as directors. With the successful transition of the previously announced new management team complete, Hugh Stuart , Kevin Ross , and Adam Spencer will be stepping down from their executive positions over the coming weeks.

Ron Hochstein , proposed Chair of the Board commented: "I would like to thank Peter Mitchell for his contributions and leadership during his time as Chair of the Board. I would also like to thank Sasha and Hugh for their contributions to the board during their tenure as directors. I also extend my gratitude to Hugh, Kevin, and Adam for their assistance during this transition phase for the Company as well as their significant contributions to the success of Montage over the years."

Shareholders as of the record date of April 26, 2024 , will be eligible to vote at the Meeting. Shareholders are encouraged to vote by proxy, which must be received by Endeavor Trust by 10:00 a.m. , Vancouver Time on Wednesday, June 5, 2024 .

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Montage Gold Corp. (TSXV: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d'Ivoire, at the forefront. Based on the Feasibility Study published in 2024, the Koné project ranks as one of the highest quality gold projects in Africa with a long 16-year mine life, low AISC of $998 /oz over its life of mine, and sizeable annual production of +300koz of gold over the first 8 years. Over the course of 2024, the Montage management team will be leveraging their extensive track record in developing projects in Africa to progress the Koné project towards an investment decision, thereby unlocking significant value for all its stakeholders.


This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, "Forward-looking Statements"). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as "will", "intends", "proposed" and "expects" or similar expressions are intended to identify Forward-looking Statements. Forward looking Statements in this press release include statements related to the use of proceeds from the Offering; the final acceptance of the TSX Venture Exchange; the Company's mineral reserve and mineral resource estimates; the timing and amount of future production from the Koné project; expectations with respect AISC of the Koné project; anticipated mine life of the Koné project; and expected recoveries and grades of the Koné project. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies such as the Mineral Reserve Estimate and the UFS, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates, unexpected changes to geotechnical or hydrogeological considerations, unexpected failures of plant, equipment or processes, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d'Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, risks relating to COVID-19, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company's 2023 AIF under the heading "Risk Factors". The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.


This press release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including cash costs and AISC (or "all-in sustaining costs") per payable ounce of gold sold and per tonne processed and mining, processing and operating costs reported on a unit basis. Non-GAAP measures do not have any standardized meaning prescribed under IFRS and, therefore, they may not be comparable to similar measures employed by other companies. The Company discloses "cash costs" and "all-in sustaining costs" and other unit costs because it understands that certain investors use this information to determine the Company's ability to generate earnings and cash flows for use in investing and other activities. The Company believes that conventional measures of performance prepared in accordance with IFRS, do not fully illustrate the ability of mines to generate cash flows. The measures, as determined under IFRS, are not necessarily indicative of operating profit or cash flows from operating activities. The measures cash costs and all-in sustaining costs and unit costs are considered to be key indicators of a project's ability to generate operating earnings and cash flows. Non-GAAP financial measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs, operating profit or cash flows presented under IFRS. Readers should also refer to our management's discussion and analysis, available under our corporate profile at for a more detailed discussion of how we calculate such measures.

Cision View original content to download multimedia:

SOURCE Montage Gold Corp.

Cision View original content to download multimedia:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Impact Minerals

Impact funded to complete Pre-Feasibility Study at the Lake Hope High Purity Alumina Project, WA

Impact Minerals Limited (ASX:IPT) (Company) is pleased to advise that it has received firm commitments from sophisticated investors for a strategic placement (Placement) to raise A$3,000,000 (before costs) via the issue of 150,000,000 fully paid ordinary shares (Placement Shares) in the capital of the Company (Shares) at an issue price of A$0.02 per Placement Share. For every three Placement Shares subscribed for, one free-attaching option will be issued with an exercise price of $0.027 per option and an expiry date that is 15 months after the date of issue (Placement Options).

Keep reading...Show less
John Feneck, gold bars.

John Feneck: Gold, Silver, Copper, Uranium — 10 Stocks I'm Watching Now

John Feneck, partner and portfolio manager at Feneck Consulting, shared his thoughts on gold, silver, copper and uranium, outlining his outlook for these commodities and stocks he's currently watching.

Starting with gold, he said he thinks it's proven itself as a safe-haven asset, with more "smart money" now getting involved. At the same time, he sees gold-mining companies starting to put on positive performances.

"We're off to the races in gold producers in terms of doing well at the earnings level, and that gets the attention of big money ... (and) that's what's needed to generate more interest in the space," Feneck said.

Keep reading...Show less
ALX Resources

ALX Resources

Keep reading...Show less

Latest Press Releases

Related News